Germany Targets 1 Percent Growth

German Chancellor Friedrich Merz vowed to revive the economy and deliver growth of at least one percent next year through business-friendly reforms and spending increases. Merz and Finance Minister Lars Klingbeil dismissed suggestions of government infighting.

German Chancellor Friedrich Merz speaks at a press conference on the second day of a two-day cabinet retreat at Neuhardenberg manor outside Berlin, Germany, August 26, 2026. REUTERS/Annegret Hilse

Chancellor Friedrich Merz vowed to revive the Germany economy on Wednesday morning, targeting growth of at least 1% next year through business reforms and increased government spending.

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